There are some folks who very much want to hold these specific assets and will bid up the price of the remaining assets thereby lowering their interest rate.

FORBES: Miles Kimball on QE

Last month, the Reserve Bank of India (RBI) lowered its key interest rate for the second time in three months in a bid to curb inflation.

BBC: India's Rahul Gandhi calls for 'inclusive' growth

Earlier Tuesday, the Bank of Japan cut its benchmark interest rate to nearly zero and said it would buy government bonds in a bid to weaken the yen and boost the Japanese economy.

FORBES

This included two interest rate cuts and lowering the amount of of money that banks need to keep in reserve in a bid to boost lending.

BBC: China new home prices rise in February